ALTERNATIVE FINANCE NEWS

Beware the dangers of loan stacking

May 8, 2019

Loan Stacking is the practice where businesses takes out multiple unsecured loans or cash advances on top of other unsecured loans in order to keep funding a business. The lender may or may not be aware of all the other loans and it provides a false picture to the lender…

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Bank EFG scheme continues to falter

May 8, 2019

Monies lent against the EFG, the Enterprise Finance Guarantee Scheme, fell to a record low in Q4 2018 of £55.6m and 78% below its peak in Q2 2009. The EFG scheme is used to facilitate lending to viable SME businesses with turnover less than £41m that would normally be turned…

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Banks no longer first port of call for half of Britain’s SMEs

Apr 1, 2019

A new survey from has revealed that the number of people who have considered going somewhere other than their bank for finance is on the increase. The insights come from a new survey conducted by business finance provider Growth Street. The firm canvassed more than 2,000 directors and employees of…

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Snowball has moved!

Mar 19, 2019

Snowball Alternative Finance would like to announce some exciting developments. In response to an increased demand for our services, resulting in the expansion of our team we are pleased to announce our move to substantially larger premises. We are now located at The Granary, Dingle Bank Farm, Holmes Chapel Road,…

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The future is bright for business growth

Jan 22, 2019

The banks may be closed for business but, thanks to the emerging alternative finance market, business won’t be short of funding options, according to North West based finance expert, Peter Black. Black, managing director of Snowball Alternative Finance, supports those businesses looking to gain investment from alternatives to high street…

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Preston Trampower appoints funding advisors

Nov 8, 2018

Snowball Alternative Finance has been appointed by Preston Trampower to secure the £25m funding for its project to get trams running in Preston for the first time since 1935. The deal will see Snowball advising on funding strategy as well as producing business plans and financial models for the project.…

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DISAPPOINTING IPOs?

Oct 29, 2018

There have been two fairly high-profile IPOs recently and both have disappointed on the market. Firstly, Funding Circle whose shares are down 10% from opening, albeit at one point they were down over 20%. Secondly, Aston Martin, who are down almost 20% since the IPO. It appears that the company…

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CVA CLAUSE

Oct 29, 2018

There have been a number of high-profile Company Voluntary Arrangements (CVAs) this year including the likes of Carpetright, Mothercare, Carluccio’s and New Look. Whilst on the face of it the rationale behind the CVA may be sound where businesses have genuine trading difficulties, some landlords feel CVAs are being abused…

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THRESHOLD FOR PROSPECTUS

Oct 29, 2018

A recent change in rules means that the threshold below which UK companies can raise money without the need for a costly investment prospectus is now €8m (£7.07m) – it was previously €5m. This means some larger businesses that were previously put off by the need for an expensive prospectus…

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